I am 61, soon 62. I am now retired. I have parked my equity market money in cash in February because I live in ASIA now and I saw the pandemic coming in December. Even so I did not lose as much money as many when the market fell, because I avoided the fall. BUT I also avoided ALL THE RUN UP.
I have always been told – buy and hold. That’s not worked good for me. I have to learn how to trade, how much to risk, trade size $ or Shares, when to take profits, what percentage of profit to take. Right now, at 61, I don’t know if I can learn everything I can to succeed. For example, I don’t see how you can make money exceeding the inflation if you only risk 1%? Even if you start with $500K capital, 1% is only $5,000.
MannyAvila
Really enjoyed your story, I respect your struggle in the market and look forward to learning from your experience.
Manny A
smile
often people will find it difficult to comment as they are not in a position to do so, I believe that attitude towards life could save us from a lot of pain. I had read the naked forex, the candlestick bible, the zone, and wizard but I still came here. I knew there was something about you sir, you are a good man! and even though this is automated, to the man who felt compelled to make this small series .. thank you!
almuminun
Appreciate your story – inspiring, honest and look forward to learning from you!
Kenneth Burris Moon
Thank you for your story Jordan,
I am happy to be part of this group looking forward in seeing how I progress with your advice. Love how you compared trading as a free style artistic behavior, in my field which has a do process -without that process you will never fully understand.
🙂
RoCo
Sweet…, and RESPECT. Easy to love this story.Thanks for sharing.
Bigeman60
Thanks for sharing your journey so far.
Robert
I am 61, soon 62. I am now retired. I have parked my equity market money in cash in February because I live in ASIA now and I saw the pandemic coming in December. Even so I did not lose as much money as many when the market fell, because I avoided the fall. BUT I also avoided ALL THE RUN UP.
I have always been told – buy and hold. That’s not worked good for me. I have to learn how to trade, how much to risk, trade size $ or Shares, when to take profits, what percentage of profit to take. Right now, at 61, I don’t know if I can learn everything I can to succeed. For example, I don’t see how you can make money exceeding the inflation if you only risk 1%? Even if you start with $500K capital, 1% is only $5,000.
MannyAvila
Really enjoyed your story, I respect your struggle in the market and look forward to learning from your experience.
Manny A
smile
often people will find it difficult to comment as they are not in a position to do so, I believe that attitude towards life could save us from a lot of pain. I had read the naked forex, the candlestick bible, the zone, and wizard but I still came here. I knew there was something about you sir, you are a good man! and even though this is automated, to the man who felt compelled to make this small series .. thank you!
almuminun
Appreciate your story – inspiring, honest and look forward to learning from you!
Kenneth Burris Moon
Thank you for your story Jordan,
I am happy to be part of this group looking forward in seeing how I progress with your advice. Love how you compared trading as a free style artistic behavior, in my field which has a do process -without that process you will never fully understand.
🙂
RoCo
Sweet…, and RESPECT. Easy to love this story.Thanks for sharing.